New Homes For Sale In Nanaimo, BC

New Homes for sale in Nanaimo, BC

Nanaimo, BC, is a beautiful classic West Coast community, offering natural beauty at every turn. Nanaimo has one of the longest shorelines in Canada and a forested mountain backdrop just outside downtown. Here, you can go from the wilderness to the city centre in just a few minutes, and spend more time in the places you want to be. Nanaimo, BC, is located on the east coast of Vancouver Island, 113 km north of Victoria, and 55 km across the Strait of Georgia from Vancouver. The city projects out into the strait like a headland, affording waterfront on three sides and spectacular ocean views. Nanaimo is the place to find natural wonders, festivals, culinary joys, and so much more! 

Buying a new home in Nanaimo sometimes has a misconception that newer homes lack character compared to the older built homes. However, that's not the case; many new projects in Nanaimo are being constructed with close attention to curb appeal and interior finishes. Today's current market is an excellent climate for several developers, and they are constructing out as many new subdivisions as possible.

Taxes on new homes in Nanaimo, the BC government offers a total exemption to the property transfer tax for homes purchased at less than $750,000. For homes purchased at $500,000, this exemption is worth $8,000 to the buyer! However, the GST charged for new homes is subject to a higher tax rate because GST is payable at 5%. 

Warranties on new homes regulate demand that developers must purchase third-party home warranty insurance to provide to the buyer along with the house. Naturally, this is one reason why new construction properties cost more than older homes. Here is the required minimum coverage level that the home warranty insurance is required to provide the buyers: 2 year's coverage on labour and materials, five years on building envelope, and ten years on the home's structure. None of this is covered when buying an older property. 

New homes in Nanaimo can be found starting at $499K and up depending on the style, designs, upgrades, finishes, and size of the property and home. 

Nanaimo, BC New Homes Real Estate Market

Nanaimo attracts a wide range of real estate buyers for its extensive available real estate market. Key opportunities exist when buying a new home in Nanaimo. As prices can range dramatically for a new home, below is a breakdown of what you will likely find when purchasing a home in your price budget. 

New homes in Nanaimo found in the $499K price range feature 1,500 square feet of living space with three bedrooms and three bathrooms. Homes offer the latest in style, finishes, and decor. There's plenty of room for the vehicles available in both the oversized garage built and designated street parking located right out of your front door. These homes are usually 2 to 5 years old but still come with a new home warranty that can be transferred to new homeowners of the property! 

Those looking to spend $600K to $700K can find various options in many locations throughout the city. Typically these homes are brand new stand-alone homes in desirable areas. Homes begin at 1,500 square feet and can be found as high as 3,200 square feet. Generally, these new homes have 3 to 4 bedrooms with 3 to 4 bathrooms with large yards and spacious 2 to 3 car garages.

Nanaimo's new homes starting in the $800K to $1 million marks often more than not have some exclusive features that the other houses would not have, including outdoor pools, indoor saunas, games rooms, and theatres. These homes have three to eight bedrooms with four to six bathrooms and square footage starting at 3,580 feet of living space. 

Homes in Nanaimo fluctuate in prices like all other BC areas; when buying a new home, the buyers are in the front seat and control the location, designs, styles, and price of the home they are dreaming of. Buying a new home is excellent for various reasons, but it's a perfect choice as it offers such a vast opportunity for available options. 

Surrounding areas and towns with New Homes For Sale 

There are many available new homes for sale in the surrounding towns nearby Nanaimo, BC. Many homes have features like the homes found in Nanaimo, making other areas desirable to those who don't see something they love in Nanaimo. Popular towns that have a high attraction for new homes include Brechin Hill. Brechin Hill, also known as New Castle, is a beautiful neighbourhood including many different styles, rare and highly desirable. These homes are built to enjoy the fantastic views of Departure Bay and Newcastle Island. Decks are large, windows are tall, roads are steep, and many with a gorgeous ocean view. Homes for sale in Brechin hill started at $399K and were found as high as $1.2 million. 

Another neighbouring town includes the beautiful place of Cedar, almost as prominent as the rest of Nanaimo combined. It's primarily a rural, comprehensive, and relatively flat area lying between the highway and the ocean. Some highlights of the new home real estate in Cedar include properties backing onto Nanaimo River or near the sea, equestrian, ranch, and farm properties, many large lots and acreages - some of them are pretty affordable, and 10-20 minutes from Duke Point and downtown Nanaimo. 

Chase River is a quiet area about 15 minutes south of downtown Nanaimo, adjacent to the highway and parkway meet. The area has some great shopping amenities, including a famous RONA, Buckerfields, a massive supermarket for grocery needs. Gas stations, several restaurants, including award-winning cuisine, a local liquor/beer store, and much more! Above and beyond the commercial district on Chase River, the residential neighbourhood is 3 square kilometers on hilly land. This is an excellent place to view properties, some overlooking pretty little lakes. This is the closest you can get to the city while still having space between your neighbours. Chase River is an excellent choice for families and outdoors people. Homes here fall in the higher end of other Nanaimo areas but definitely, worth the price tag; new homes can be found starting in the $650Ks. 

Overmore, the Diver Lake area is very central, lying roughly between Northfield Road and Long Lake. There are many quiet neighbourhoods here, tucked away on dead-end roads, very peaceful and suburban. Lot sizes tend to be between 7,000 and 10,000 square feet. Today, most of the area is built-out, but a few pockets of new development remain for those looking to build their forever home in Diver Lake. A new home for sale in Diver Lake is priced at $990K for a four-bedroom, three-bathroom home with 2,287 square feet. 

Hammond Bay is a small body of water between Neck Point Park and Pipers Lagoon. Hammond Bay's name is used for a larger area in North Nanaimo between McGuffie Road and the Biological Station. A large portion of Nanaimo's luxury homes is in this area, providing homeowners stunning ocean views. Looking way out over the Salish Sea and the coastal mountains of Vancouver, there are new homes and developed vacant lots being constructed in the higher elevations all the time. The steep slope allows homes to have views from the house's upper floors to the beautiful walkout basements. A vacant lot starts at $400K, and a new home can be found starting at $900K, very comparable to the Diver Lake area. 

In addition, South Nanaimo draws every walk of life, from trying artists to blue-collar mill workers, professors, and doctors. Overall the vibe is very relaxed and sincere, with a community spirit that goes back generations in Nanaimo. The town of South Nanaimo is a booming market and perfect for those looking to purchase a new home in its constant undergoing new development. 

Although the above areas tend to be popular for those looking for a new home, there are many other well-ranked communities that potential buyers have their eyes on. Other attractive towns include Ladysmith, Lantzville, Old City, Pleasant Valley, and many more! 

Why Buy a New Home with the Sims Real Estate Group 

Whether buying or selling a home, you can trust that Sims Real Estate Group will ensure the transaction is completed competently and professionally. Let the team at Sims worry about the details while you enjoy the process of buying your new home. With Sims, you can cough on professional help and advice with a commitment to serving each client with integrity. Sims Real Estate Group provides outstanding services and ever-lasting trusting relationships with each of their clients from the start to the end. 

Jump back to Nanaimo New Homes Listings >>>

View All Homes For Sale in Nanaimo, BC >>>